Property Offer Tips and Q&A for Los Angeles, CA

Make a Competitive Offer in Los Angeles’s Housing Market

Top Tips for Making a Strong Offer

Research the Market: Understand Los Angeles’s median home prices (around $800,000) and neighborhood trends.
Work with Your Agent: Collaborate to craft an offer based on recent sales in areas like Midwick Park or Emery Park.
Include a Personal Letter: Appeal to sellers with a letter explaining why you love their home.
Be Flexible: Consider waiving minor contingencies if your finances allow, but consult your agent.
Act Quickly: Los Angeles’s market can be competitive; submit offers promptly.

Common Questions About Making Offers

Q: How much should I offer above the asking price?

A: It depends on the market. In Los Angeles, offers 1-5% above asking are common for desirable properties. Check with your agent for comps.

Q: Should I include contingencies?

A: Common contingencies include inspection and financing. Discuss with your agent to balance protection and competitiveness.

Q: How long does it take to hear back on an offer?

A: Typically 1-3 days, but sellers in Los Angeles may respond faster in a hot market.

Q: Can I negotiate after my offer is accepted?

A: Yes, if inspections reveal issues, you can negotiate repairs or credits with the seller.

Need More Help?

Contact a local expert to guide you through the offer process in Los Angeles.

Find a Local Agent

Office:
453 S. Spring Street, Suite 400,

Los Angeles, California 90013

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+1(213) 510-1717

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Important Disclosure for 100% Financing Options

This website provides general information only, not a loan commitment. 100% financing options (VA, FHA with DPA, USDA, CalHFA) are subject to credit approval, appraisal, and program guidelines. Terms/rates may change.

VA Loans: For eligible veterans/service members. No down payment. Min. credit ~620. VA funding fee applies.
FHA with DPA: 3.5% down, 100% financing with DPA. Min. credit 600. PMI required. DTI ~56.9%. Income limits may apply.
USDA Loans: Rural areas. No down payment. Min. credit ~640. Income ≤115% AMI. DTI ~29/41%.
CalHFA: DPA for first-time buyers. Min. credit ~660. Income limits by county. DTI ~45%.

Eligibility varies by credit, income, and program rules. Consult a professional for details. Not affiliated with VA, FHA, USDA, or CalHFA.